Long Bond Rises Slightly
As China Markets Offering

By

J.R. Wu and

Heather Bourbeau Dow Jones Newswires

Updated Dec. 8, 1998 1:32 a.m. ET

NEW YORK -- The Treasury's long bond failed to sustain much of an early rise, closing Monday only slightly higher than Friday's levels. Shorter-maturity Treasurys fared worse, ending lower after giving up gains scored last week.

Meanwhile investors are giving a mixed reaction to a $500 million global bond issue from China. Marketing is scheduled to finish Tuesday with pricing expected later in the week.